LMG Wealth Partners LLC Buys 696 Shares of Celestica Inc. (NYSE:CLS)

LMG Wealth Partners LLC raised its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,761 shares of the technology company’s stock after acquiring an additional 696 shares during the quarter. LMG Wealth Partners LLC’s holdings in Celestica were worth $2,932,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CLS. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the 3rd quarter worth approximately $30,000. Peregrine Capital Management LLC acquired a new position in Celestica in the 4th quarter valued at $30,000. Private Trust Co. NA grew its holdings in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Celestica in the third quarter valued at about $51,000. Finally, R Squared Ltd bought a new stake in Celestica during the fourth quarter worth about $51,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.82.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the sale, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. Company insiders own 1.00% of the company’s stock.

Celestica Stock Down 0.4 %

Shares of NYSE CLS opened at $131.73 on Thursday. The company’s 50 day moving average price is $109.70 and its 200-day moving average price is $79.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $36.11 and a 52-week high of $144.27. The company has a market capitalization of $15.33 billion, a P/E ratio of 35.22 and a beta of 2.27.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.